Today I replaced the trunk release pushbutton in my 2001 540i/6. Here is how I did it.
Objective: Replace the trunk release pushbutton due to deteriorated rubber covering failing.
Applicable Vehicles:
1996-2003 BMW E39 5-series: 520i, 523i, 525i, 528i, 530i, 535i, 540i, M5.
Parts required: Release Handle 51248168035
Cost: $85
Difficulty: Low
Time Required: 15 minutes.
Procedure: To see how to do this for yourself, watch the embedded video below!